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Harris protects small business owners

Tax the large corporations and the rich, and instead lower the tax for small business owners. That was Kamala Harris' message when she on Wednesday presented her business economic policy.

» Published: 04 September 2024

Harris protects small business owners
Photo: Steven Senne/AP/TT

The economy is one of the presidential election's biggest issues, and according to Reuters, an area where Republican Donald Trump has greater support than Harris.

That she, for the second time in three weeks, presented her economic visions was therefore not unexpected. Nor was it unexpected that the focus was on middle-income earners and small business owners.

You are the glue that holds our societies together, said the Democratic presidential candidate.

I want to see 25 million new small businesses during my first term, she continued in her speech in New Hampshire.

When she held a keynote speech about Americans' personal finances in mid-August, the focus was on reducing household costs in general and food prices in particular.

Her proposals were then seen more as an extension of President Joe Biden's economic policy rather than the new start she herself talked about.

On Wednesday, she instead went against Biden and his proposed budget for next year. This concerns the tax on capital gains, which currently stands at 20 percent and Biden largely wants to double.

Harris proposes lower ceilings than Biden, a move Axios calls "Harris' biggest departure from Biden's policy so far".

Donald Trump does not want to see an increase, and is expected to present new proposals for tax relief during a speech in New York on Thursday.

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By TTThis article has been altered and translated by Sweden Herald

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